Charts of the week from 14 to 18 September 2026: number of persons in employment, activity in construction and current account of the balance of payments
In July, the number of persons in employment remained broadly unchanged compared with both previous months and a year earlier. However, developments continued to vary considerably across activities. Year-on-year, the number of persons in employment increased mainly in health and social work activities, while declines…
Government appoints Tomaž Perše, as Acting Director of the Institute of Macroeconomic Analysis and Development
At today’s session, the Government of the Republic of Slovenia appointed Tomaž Perše, MSc, as Acting Director of the Institute of Macroeconomic Analysis and Development (IMAD). He will take up the post on 1 October 2026 and serve until a new Director is appointed, but for no longer than six months,…
Charts of the week from 7 to 11 September 2026: production volume in manufacturing, unemployment and electricity consumption by consumption group
Manufacturing output is strengthening; in the first seven months of the year, it was 2.6% higher than a year earlier. Growth was broad-based, with the largest increase in output recorded in higher-technology industries, partly reflecting the impact of some…
Autumn Forecast of Economic Trends 2026: economic growth strengthens markedly this year before moderating in the coming years; inflation also slightly higher
Economic growth is projected to be considerably higher this year (3.8%) than last year (1.5%), with the broad-based strengthening of economic activity also significantly exceeding our spring forecast (2.0%). The acceleration, particularly pronounced in the…
National productivity board
IMAD analyses productivity and competitiveness as the national productivity board
Gross domestic product and prices
Economic growth this year (3.8%) is expected to be considerably higher than last year (1.5%). The acceleration in economic activity, particularly pronounced in the first half of the year, was driven by several factors: a strong recovery in exports, further supported by the launch of new production capacities in the pharmaceutical and automotive industries; the completion of major investment projects; and continued growth in household disposable income and consumption. The broad-based strengthening of economic activity also points to the economy’s resilience and adaptability amid heightened economic and geopolitical uncertainty in the international environment. Inflation is expected to average 3.1% this year, with increases in energy and services prices contributing significantly to overall inflation.
Labour market
Employment is expected to increase slightly this year (by 0.3%) and then stabilise at a high level amid labour supply constraints. The employment of foreign workers will continue to make an important contribution to employment growth. Average gross wage growth is expected to reach 7.9% this year. Wage growth in the public sector will remain high due to the implementation of the wage reform. In the private sector, it will strengthen, driven by stronger economic activity, persistent labour market pressures, higher wage expectations and the increase in the minimum wage.
International trade
Growth in total exports is expected to strengthen considerably this year (5.3%), largely reflecting a recovery in goods exports, supported in part by the launch of new production capacities in the pharmaceutical and automotive industries. Growth in services exports is also expected to strengthen. Against the backdrop of strong investment activity and rising domestic consumption, total imports are expected to grow even faster (by 6.5%). As a result, the current account surplus is expected to narrow, also reflecting a deterioration in the terms of trade due to rising energy prices on global markets.
IMAD
The Institute of Macroeconomic Analysis and Development of the Republic of Slovenia is an independent government office.
The Institute performs the following tasks:
- it monitors and analyses current trends and development in its economic, social and environmental dimensions;
- it monitors and analyses the achieving of the development objectives of the country;
- it prepares macroeconomic forecasts and other expert groundwork that serve as the basis for budgetary planning and formulating economic policy measures;
- it analyses productivity and competitiveness as the national productivity board;
- it carries out research work.